Stronger Sell Today SRES.L ranks #4866 as SELL CANDIDATE. Weaker Sell
Today SRES.L ranks #4866 as SELL CANDIDATE.

SRES.L stock Sunrise Resources Plc

SRES.L stock
Sunrise Resources Plc

April 24, 2019
Change -4.55%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will SRES.L stock price go up or down on Thu, 25 Apr 2019?

Sunrise Resources Plc Forecast and Stock Analysis

Technical SRES.L stock analysis for April 24, 2019.

Sell candidate since 2019-04-24

Sunrise Resources Plc fell by -4.55% in the last day from £0.11 to £0.11 The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased in the last day by 17.22 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 18.10 million shares bought and sold for approximately £1.90 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the SRES.L stock was £0.11. This is 4.55% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 9.52% from a day low at £0.11 to a day high of £0.12.

30 day high of the SRES.L stock price was £0.12 and low was £0.09.
90 day high was £0.13 and low was £0.09.
52 week high for the Sunrise Resources Plc - £0.22 and low - £0.08.

Trend

Sunrise Resources Plc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.57% during the next 3 months and, with 90% probability hold a price between £0.08 and £0.11 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Sunrise Resources Plc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £0.11 and £0.11. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double bottom formation was found on Tuesday April 23, 2019 with a target of £0.11. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Sunrise Resources Plc finds support from accumulated volume at £0.10.

Support: £0.10 Price: £0.11 Resistance: £0.11

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £0.01 (9.52%) between high and low. For the last week, the stock has had a daily average volatility of 5.90%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation: Sell Candidate

Sunrise Resources Plc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Stronger Sell Today SRES.L ranks #4866 as SELL CANDIDATE. Weaker Sell
Today SRES.L ranks #4866 as SELL CANDIDATE.